By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) has announced a Balance of Payments (BOP) surplus of 6.83 billion dollars for the 2024 financial year. According to Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department, this marks a decisive turnaround from deficits of 3.34 billion dollars in 2023 and 3.32Continue Reading
By Vivian Emoni The Federal Government has expressed its commitment to repositioning the Cotton, Textile and Garment (CTG) industry for sustainable growth. Sen. John Owan Enoh, Minister of State for Industry, said this at a Stakeholder’s Meeting on “Revitalising Nigeria’sContinue Reading
By Okeoghene Akubuike The African Export-Import Bank (Afreximbank) is setting up trade centres in several major commercial capitals across Africa and the Caribbean as part of its efforts to boost intra-African trade. Dr Robert Tomusange, Director and Global Head of Real Estate and Administration for Anglophone West Africa at Afreximbank,Continue Reading
By Taiye Olayemi National Insurance Commission (NAICOM) has called for a proactive, data-driven, and forward-looking risk management approach to boost national development. Mr. Olusegun Omosehin, Commissioner for Insurance, made the call during the Risk Managers Society of Nigeria’s (RIMSON) 40th-anniversary celebrations in Wednesday inContinue Reading
By Taiye Olayemi The Securities and Exchange Commission (SEC) has expressed optimism that Nigeria is on the verge of being removed from the Financial Action Task Force (FATF) grey list. This confidence stems from the recent signing of the Investments and Securities Act (ISA 2025) by PresidentContinue Reading
By Taiye Olayemi Nigerian Exchange Group (NGX Group) on Wednesday approved payment of N4.4 billion to the company’s shareholders for the year 2024. Dr Umaru Kwairanga, Chairman, Nigerian Exchange Group, disclosed this during the company’s 64th Annual General Meeting (AGM) held in Lagos. Kwairanga said, “These resultsContinue Reading
By Martha Agas The Comptroller-General (C-G) of the Nigeria Customs Service (NCS), Adewale Adeniyi, has identified inadequate digital infrastructure as one of the several technical challenges impeding customs operations across West and Central Africa (WCA). Adeniyi made the disclosure at the opening of the fourth World Customs Organisation (WCO) DonorsContinue Reading
By Kamal Tayo Oropo Mr Claver Gatete, Executive Secretary of the Economic Commission of Africa (ECA), has called for a bold action to achieve sustainable development in Africa. Getafe, in a statement by ECA on Wednesday, made the call during his address atContinue Reading
By Lucy Ogalue The President of the African Development Bank, Dr Akinwumi Adesina, says strong political commitment, ministerial collaboration, and institutional support are vital for the success of SAPZ project. Adesina spoke during the groundbreaking of the Special Agro-Industrial Processing Zone (SAPZ) project in Kaduna State on Tuesday. He notedContinue Reading
By Lucy Ogalue The Federal Government says the Special Agro-Industrial Processing Zone (SAPZ), is a strategic milestone in its plan to industrialise Nigeria’s agriculture sector and create sustainable jobs across the country. Vice-President Kashim Shettima said this while performing the ground-breaking for the construction of Phase 1 of the SAPZContinue Reading
